Today: Today: Heartland Advisors Inc. decides to keep it stake in BB&T Corp. (BBT) to the level of $10,792,000

Today: Heartland Advisors Inc. decides to keep it stake in BB&T Corp. (BBT) to the level of $10,792,000

Heartland Advisors Inc. lowered its position in BB&T Corp. (NYSE:BBT) by 1.3% during the third quarter, Holdings Channel reports. The institutional investor owned 286,105 shares of the company’s stock after selling 3,891 shares during the period. Heartland Advisors Inc.’s holdings in BB&T Corp. were worth $10,792,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atria Investments LLC raised its position in BB&T Corp. by 0.6% in the third quarter. Atria Investments LLC now owns 7,632 shares of the company’s stock worth $288,000 after buying an additional 44 shares in the last quarter. Alpha Windward LLC raised its position in BB&T Corp. by 0.9% in the third quarter. Alpha Windward LLC now owns 5,319 shares of the company’s stock worth $201,000 after buying an additional 45 shares in the last quarter. Capital Management Corp VA raised its position in BB&T Corp. by 0.8% in the third quarter. Capital Management Corp VA now owns 6,451 shares of the company’s stock worth $243,000 after buying an additional 51 shares in the last quarter. Capital Investment Advisors LLC raised its position in BB&T Corp. by 0.3% in the second quarter. Capital Investment Advisors LLC now owns 19,847 shares of the company’s stock worth $707,000 after buying an additional 53 shares in the last quarter. Finally, Canal Capital Management LLC raised its position in BB&T Corp. by 0.7% in the third quarter. Canal Capital Management LLC now owns 7,494 shares of the company’s stock worth $283,000 after buying an additional 54 shares in the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Shares of BB&T Corp. (NYSE:BBT) traded down 0.49% during trading on Monday, reaching $44.43. 1,973,358 shares of the company traded hands. BB&T Corp. has a 12-month low of $29.95 and a 12-month high of $44.88. The firm has a market capitalization of $36.05 billion, a price-to-earnings ratio of 16.51 and a beta of 1.02. The company has a 50 day moving average price of $40.28 and a 200 day moving average price of $37.55.

BB&T Corp. (NYSE:BBT) last issued its earnings results on Wednesday, October 19th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.71 by $0.05. The company earned $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. BB&T Corp. had a net margin of 20.54% and a return on equity of 9.45%. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 EPS. On average, equities analysts predict that BB&T Corp. will post $2.77 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Tuesday, November 8th. BB&T Corp.’s payout ratio is presently 44.44%.

A number of research firms have weighed in on BBT. Morgan Stanley reissued a “hold” rating and set a $37.00 target price on shares of BB&T Corp. in a research report on Friday, August 5th. FBR & Co set a $40.00 price objective on shares of BB&T Corp. and gave the company a “hold” rating in a research report on Thursday, October 20th. Macquarie lowered shares of BB&T Corp. from a “neutral” rating to an “underperform” rating in a research report on Thursday, October 20th. BMO Capital Markets lowered shares of BB&T Corp. from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $43.00 to $45.00 in a research report on Tuesday, November 15th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of BB&T Corp. in a research report on Wednesday, October 12th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $39.79.

In other news, Director I. Patricia Henry sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $38.13, for a total value of $38,130.00. Following the completion of the transaction, the director now directly owns 8,090 shares in the company, valued at approximately $308,471.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Kelly S. King sold 162,415 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $38.25, for a total transaction of $6,212,373.75. Following the completion of the transaction, the chairman now owns 448,391 shares of the company’s stock, valued at $17,150,955.75. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by insiders.

About BB&T Corp.

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